INDUS Holding AG Announces Completion of Share Buyback Program

On 13 March 2024, INDUS Holding AG, a company listed on the SDAX, announced the successful completion of its share buyback program. Initiated on 21 February 2024, the program allowed INDUS to acquire 4.09% of its own shares, which are now held as treasury shares. These shares come with no voting rights and do not yield dividends.

Dr. Johannes Schmidt, Chairman of the INDUS Board of Management, stated that the buyback reflects the company's confidence in the value of its own shares. He emphasized that despite the share buyback, INDUS's strong financial position enables ongoing development activities within the INDUS Group. Dr. Schmidt also highlighted the additional flexibility gained to leverage treasury shares in future acquisitions.

The share buyback program was managed in collaboration with Commerzbank AG, Frankfurt, and the law firm McDermott Will & Emery Rechtsanwälte Steuerberater LLP. Further details about the program are available on the INDUS website under the Investor Relations section.